**USD Coin (USDC): The Stable Digital Dollar**
USD Coin (USDC), launched in 2018 by Circle and Coinbase, is a leading stablecoin pegged 1:1 to the US dollar. Backed by fully reserved assets like cash and U.S. Treasuries, USDC ensures stability, transparency, and trust. Operating on multiple blockchains, including Ethereum and Solana, it enables fast, low-cost global transactions, bypassing traditional banking delays. USDC powers decentralized finance (DeFi), offering seamless trading, lending, and payments. With $41 billion in assets under management, USDC competes with Tether, surpassing it in transaction volume in 2024. Ideal for developers and businesses, USDC drives innovation in the digital economy.
